Wage and Railroad Rockefeller

The new wave of industrialism has been pushed by a few great men known as industrialistswhos number one priority is wealth. Although these men have done great things there is some confusion on the how these men should be potrayed. Some feel that the powerful industrialists of the new age should be referred to as Robber Barons calling them relentless and cruel businessmen who would stop at nothing to make money. They are accused of exploiting workers and forcing horrible working conditions upon the working class. Others see the industrialist as Captains of Industry. They recognize these men as ingenious and industrious leaders who boosted economy with their business skills. They are praised for their skills as well as their generousity. Starting out with nothing, Rockefeller was able to build himself up to become the biggest industrial innovator of his time. Rockefeller found that the oil refining business was highly disorganized. Fortune was being made and lost overnight as the price of oil fluctuated. He thought the reason for this was from competition of thousands of other small producers and small refiners. Rockefeller had a vision of combination and order in his oil industry. Rockefeller's business strategy is based on growth and domination of the industry which does two things, creates stable jobs and lowers the cost. Not only has John given insight to the business world, he has given much of his wealth away to charities and people in need. Rockefeller is one of the reasons why America is the powerhouse of the world, and his great lead will show us the way for years to come.

John Rockefeller is a Robber Baron! Making his fortune off of the backs of hardworking individuals he will stop at nothing to make his fortune grow even larger. With low wages and poor working conditions for his workers, Rockefeller is stealing from Americans. Not only does he treat his workers like dirt, he will stop at nothing to squash out competition. Lowering his prices to steal...

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John D. Rockefeller was born July 8, 1839, in Richford, New York. He built his first oil refinery near Cleveland and in 1870 incorporated the Standard Oil Company, a dominating force in the American economy that propelled its founder to become the world's richest man. Rockefeller revolutionized the petroleum industry with his oil refinery. One of the wealthiest men of all times also used his wealth to help society. His fortune was mainly used to define the structure of targeted philanthropy through the creation of foundations that had a major effect on education, medicine and scientific research.
Son of William Avery Rockefeller and Eliza, John D. Rockefeller moved to Cleveland with his family when he was 16. As a Teenager, he was hired for his first office job as an assistant bookkeeper for Hewlett &amp; Tuttle, commission merchants and produce shippers. “The full salary for his first three months' work was $50 (50 cents a day). From the beginning, he donated about 6% of his earnings to charity, which increased to 10% by the age of twenty, when he tithed to his Baptist church. As a youth, Rockefeller reportedly said that his two great ambitions were to make $100,000 and to live 100 years.” (Chernow, 1998, p. 50)
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...John D. Rockefeller
The industrialization of America was impacted greatly by John D. Rockefeller. Rockefeller was able to establish a large majority of the petroleum industry with his foundation of Standard Oil. Rockefeller would employ ruthless tactics to make the most money as possible from his oil business. He would create the Standard Oil trust which would influence all big businesses in the country.
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Firepond, Inc.
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The Payment of Wages Act, 1936
Introduction
Prior to 1936, there was no law regarding the regulation of payment to workmen. It was as early as 1925 that a Private Bill called the "Weekly Payment Bill" was for the first time introduced in the Legislative Assembly. The Bill was, however withdrawn on an assurance from the Government that the matter was under active consideration of the Government ar that time. This was an attempt to remedy some of the evils like delay in payment of wages, non-payment of wages, deductions made from wages on account of fines imposed by the employer. etc.
During that period the Royal Commission on Labour in India draw attention to the abuses in the system of wage payment, and made valuable recommendation as under:
1.Children should be exempted from fines imposed by the employer.
2. The minimum amount which could be deducted by way of fine should not exceed, in any month, half an anna in the rupee of the worker's earnings.
(3) The sum realised as fine should be utilised for some purpose beneficial to the employees as a class and should be approved by some recognised authority.
(4) A notice specifying the acts and omissions in respect of which fines. may be imposed should be posted and any other fine should deemed to be illegal.
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...Running head: WAGE AND WAGE EARNERS
Wage and Wage Earners
There has always been much debate about the wages earned between those with many years of education and those with many years of work experience. Does one factor promise higher compensation than the other? In a study conducted by University of Phoenix students, one hundred working adults were surveyed on how many years of experience they had, how many years of education they had, and what their annual salary is. The results vary. Many factors play a role in the salaries earned, versus what is required to earn that salary. Field of work is a large contributing factor. Personal preference may also play a role.
In the data set used, the independent variables being used are years of experience and years of education. These were the factors that could be changed by the people conducting the research. The independent variable of years of education was changed from four years up to 18 years. The independent variable of years of experience ranged from none all the way up to 54. The affects these had on the dependant variable were surprising.
The dependant variable in this data set was the amount of income generated by each individual. The amount of income ranged dramatically and it seemed that the amount of experience had little effect on the outcome once an individual reached the five year mark. It was obvious that the...